Frontera Resources Corporation has signed a Memorandum of Understanding (MOU) with Ukraine's public joint stock company UkrGasVydobuvannya (UGV), a subsidiary of Ukraine's national energy company, National Joint Stock Company Naftogaz of Ukraine ('Naftogaz').
The MOU furthers a focused joint effort that was established last year between Frontera and Naftogaz, which led to a strategic MOU being signed in July 2015. This MOU serves to create a more detailed framework of technical and commercial cooperation between Frontera and UGV in order to move towards implementation of joint work in specifically targeted upstream exploration and production projects in Ukraine.
Tags:
Frontera Resources Corporation,
Naftogaz
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